All articles by Ed Devlin – Page 57
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NewsTree of Life owner claims HSBC ‘refused’ to help ease burden
The health food wholesaler experienced a “dramatic” hit to sales caused by the twin shocks of Brexit and Covid, which followed a record year in the 12 months to 31 March 2021 when revenues exceeded £100m.
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NewsJonathan Warburton returns to helm of baker as MD Neil Campbell departs
MD Neil Campbell has left after nine years in charge amid tumultous inflationary market
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NewsMedia Bites 8 September: Ocado Retail, Beavertown, WH Smith
The papers pick up a new CEO for Ocado Retail, Liz Truss’ energy plans, the sale of Beavertown to Heineken and results at WH Smith.
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NewsBoundless Activated Snacking bags six-figure investment to grow gut health brand
Boundless Activated Snacking has secured a six-figure investment to maintain rapid growth at the gut health snacking brand.
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NewsCity Snapshot: Bakkavor sales recover but inflation drags on profits
Bakkavor Group has continued its recovery from pandemic disruption, reporting strong revenue momentum in the first half despite inflationary challenges. Plus, WH Smith issues a pre-close trading update for the year.
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NewsMedia Bites 6 September: Liz Truss, Camelot, Deliveroo
Coverage this morning is dominated by Liz Truss’ victory in the Conservative Party leadership contest.
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NewsHesper Farm Dairy ceases trading as liquidators seek buyer
Yorkshire yogurt maker Hesper Farm Dairy has ceased trading in the face of spiralling costs.
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NewsFruit supplier Jupiter Marketing collapses, leaving almost 100 jobless
Tim Bateson and Chris Pole from insolvency firm Interpath Advisory were appointed as joint administrators to Jupiter Marketing Ltd on 5 September 2022.
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NewsCity Snapshot: Iceland halts store openings as energy bills soar
Frozen food chain Iceland has put expansion plans on hold and warned of potential store closures as the cost of energy spirals.
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NewsCheeky Panda puts flotation plan on hold as IPO activity slows
Sustainable tissue challenger Cheeky Panda has put its ambitions for a blockbuster £300m flotation on hold amid economic turmoil and a dramatic global slowdown in IPO activity.
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NewsHunt’s Food Group steps in to rescue Tree of Life sister The Health Store from administration
Administrators at insolvency firm Interpath Advisory completed the sale of The Health Store brand and assets to the Dorset-headquartered group today
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NewsPlanted secures £61m to scale clean label meat-free brand
Swiss foodtech startup Planted has closed one of the biggest-ever funding rounds in the meat alternatives category to boost production capacity and expand its range.
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NewsMedia Bites 1 September: Co-op/Asda, John Lewis, Cake Box
The Co-op’s decision to sell its petrol stations to Asda in a £600m gets plenty of coverage in this morning’s papers.
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NewsPuresport to tackle retail market after beating £1.3m crowdfunding goal
Professional rugby union player Grayson Hart founded Puresport in 2018 to offer drug-tested athletes a natural alternative to opioid-based painkillers.
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NewsCity Snapshot: Food prices race to 14-year high
Food prices soared to their highest levels for 14 years as mounting pressures on the industry saw strong rises in both fresh and ambient products, according to the latest data. Plus, Asda buys Co-op petrol stations in £600m deal, and Cake Box issues profits warning.
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NewsKerry Group continues ingredients push with $108m acquisition of Kraft Heinz powdered cheese business
The deal for the B2B powdered cheese business – which is part of Kraft Heinz’s ingredients division – includes a factory in Minnesota in the US and 62 employees.
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NewsTree of Life owner Health Made Easy enters administration as health brands sold off
Two health and wellness brands owned by Tree of Life owner Health Made Easy have been sold following the collapse of the group last week
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NewsMedia Bites 30 August: C-stores, energy bills, Co-op, Boots, Waitrose
A round-up of all the news in fmcg across the bank holiday weekend papers.
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NewsCity Snapshot: Asda leads race in £450m sale of Co-op petrol forecourt business
The Co-op has hired advisors to sell its petrol forecourts operation in a bid to raise £450m, with the Issa brothers-owned Asda the front runner to buy the business, according to reports.
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NewsCity snapshot: Hain Celestial blames UK economic struggles for sharp drop in sales
US consumer foods giant Hain Celestial has blamed soaring food prices and falling consumer confidence in the UK for a steep drop in full-year revenues